Month: July 2020

This strategy offers a safe balance between too much frugality and too much spending in retirement Getty Images/iStockphoto Many retirees are spending their retirement savings quite frugally, according to a handful of recent reports and studies. These studies—from the Employee Benefits Research Institute, United Income, and the Boston College Center for Retirement Research—reveal that as
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Graph and calculator with text refinancing getty With COVID-19 creating havoc and uncertainty within our economy, mortgage rates are hitting historic lows. According to Freddie Mac, the national average rate dropped earlier this month to an all-time low 2.98%. In fact, Mortgage News Daily reported that the average reached a seemingly impossible 2.87% on Thursday.
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A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to
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When owners and tenants negotiate a lease amendment, they have to be careful about some concerns … [+] that are not obvious. ranjan samarakone Owners, tenants, and their attorneys and other advisers have lately spent a lot of time renegotiating leases to give tenants some breathing room in today’s virus-driven shutdowns. Those negotiations tend to
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President Donald Trump announced he was canceling the Jacksonville, Florida, portions of the Republican National Convention, scheduled for August, as the coronavirus continues to spread throughout the United States. The World Health Organization warned there’s no going back to the “old normal.” Meanwhile, Senate Majority Leader Mitch McConnell said Republicans will delay the release of their coronavirus
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Dow Inc. on Thursday laid out additional cost-cutting plans, including laying off about 6% of its workforce, as the chemicals maker expects “gradual and uneven” recovery in demand and prices from the coronavirus-induced slump. The company, which makes chemicals used in industries ranging from plastics, paints and building materials, also posted a smaller-than-expected second-quarter loss,
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TOPLINE  Lawmakers are unlikely to put together another federal stimulus package before certain key parts of the CARES Act—most notably the expanded unemployment insurance—expire. Here’s what you need to know.  Storm clouds pass over the Capitol dome as a severe thunderstorm approaches Washington on Wednesday, … [+] July 22, 2020. CQ-Roll Call, Inc via Getty
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